News and Information
Asset Impairments Signal Trouble For Oil Industry
February 20, 2020
Asset impairments are on the rise in the oil & gas services industry as the oil market overall experienced another downturn in 2019. "New decade lows."
Many oil & gas equipment and service companies are back in the red after a wave of goodwill and asset impairments hit the industry in 2019, according to the latest annual financial results just being released -- a development that could drastically change the credit risk component of the industry moving forward.